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Jawaharlal Nehru Port Trust seeks US$473 million for new roads
JAWAHARLAL Nehru Port Trust (JNPT) in India is seeking financing of INR32 billion (US$473 million) to improve the port's surrounding roads to meet traffic demand and ease congestion.
The trust has authorised the State Bank of India (SBI) to issue a request for proposals to qualified bidders for lending external commercial borrowings to JNPT. As per the preliminary assessment, an amount of INR24 billion is proposed to be raised through commercial borrowings, reported London's Container Management Magazine.
The project calls for the widening of existing national highways, NH-4B and NH-348A, connecting India's largest port to Navi Mumbai.
The port handled 4.48 million TEU in 2015, representing an increase of 0.1 per cent over the previous year's results.
The trust has authorised the State Bank of India (SBI) to issue a request for proposals to qualified bidders for lending external commercial borrowings to JNPT. As per the preliminary assessment, an amount of INR24 billion is proposed to be raised through commercial borrowings, reported London's Container Management Magazine.
The project calls for the widening of existing national highways, NH-4B and NH-348A, connecting India's largest port to Navi Mumbai.
The port handled 4.48 million TEU in 2015, representing an increase of 0.1 per cent over the previous year's results.
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